R&H
PORT MACQUARIE
Port Macquarie
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67-69 Horton Street, Port Macquarie, NSW 2444

  • Floor Area:
    552sqm
    Land Area:
    522sqm
    Office Area:
    26 sqm
  • garages9

      • Sold

      Main Street CBD location - Prime investment

      * Rarely available CBD holding - Freehold title

      * Prime Main street location will assure good capital growth over time

      * Land area of 522.8 sqm approx

      * Wide street frontage

      * Improvements comprise a two level commercial property of 287 sqm - Ground level shopfront/office area of 251 sqm approx. plus a further 36 sqm approx of level one office.

      * Modern internal and shopfront refurbishment completed in 2010

      * Bitumen sealed car park at rear - Valuable on-site parking for 9 vehicles

      * Rear access - fenced and gated for security

      * A grade main street location

      * Excellent long term re-development site with multi-story height development potential - B3 commercial Core Zoning - FSR 3:1 and Building heights 22m - 26.5m

      * Secure income courtesy of a newly signed long term lease in place with options taking potential occupancy to 2035

      * Rental income $143,000 PA plus GST plus Lessee paying Council Rates, Land Tax (not applicable on single holding basis) and Water usage

      * Lessor pays Building insurances (approx. $4,080 PA) and fire compliance ($1,000 PA approx)

      * Annual rental increases by CPI, Current Market rent to apply at option.

      * Well know and recognized real estate franchise - operated from this location for over 30 years (various different proprietors)

      * Main Street freehold property are tightly held in Port Macquarie and not available too often -Act fast to secure the investment for the forward thinking buyer

      * We have obtained all information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

      * Contact Luke Horton - 0417 406 414

      Raine & Horne Commercial

      Shop 3, 136 William Street, Port Macquarie

      T : 02 6584 0544

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      avatar Luke Horton
      Luke Horton
      Director

      Got a property to sell? Contact us for a free Request Appraisal

      Property Info:
      • Property ID: L18388776
      • Property Type:Retail
      • Building / Floor Area:552 sqm
      • Land Area:522 sqm
      • Car Spaces:9
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